Binance blocks MEXC transfers as ZachXBT questions $16 billion US claim

Binance has blocked transfers to and from MEXC in connection with a US claim tied to $16 billion, according to BeInCrypto. Crypto investigator ZachXBT is publicly asking the US Treasury to explain how it arrived at that $16 billion figure. The transfer block between two major exchanges raises counterparty and compliance concerns for traders who move funds across venues, while the disputed figure keeps scrutiny on the claim's basis.